Wed. Jun 16th, 2021

Wearable Devices Market in India Market
Wearable Devices Market in India Market Analysis 2020 and Forecast 2026 is recently drafted research content added in extensive repository of Qurate. The report is comprised with precious market data, quality insights and wide-ranging information in relevance with entire scope of the industry. This includes overview and deep study of factors which are considered to have greater influence over future course of the market such as market size, market share, different dynamics of the industry, Wearable Devices Market in India Market companies, regional analysis of the domestic markets, value chain analysis, consumption, demand, key application areas and more. The study also talks about crucial pockets of the industry such as products or services offered, downstream fields, end using customers, historic data figures regarding revenue and sales, market context and more. The scope of the report ranges from market introduction, market definition to market forecast for next five years.
Since 2015, the sale of wearable devices in India has increased rapidly. Besides smart watches and wristbands, ear-worn devices have also become very popular in the country and have gained a considerable market share in 2019, allowing the wearable devices market to flourish. Awareness regarding fitness, technological advancements, and the availability of high-speed Internet connectivity are the major factors propelling market growth. The wearable devices market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~26.33%, and reach a sales volume of 16.22 Mn units by 2024, from 4.72 Mn in 2019.

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The Wearable Devices Market in India Market report consists details regarding market segments such as types of products, technology usage, different dynamics of the products and services offered, various application areas, geographical regions, and more. The segmentation delivers specific pieces of information which makes it relevant and useful for variety of readers. This report shed brighter light on few more important aspects with keen interest and wholistic approach.

Top Key players of Wearable Devices Market in India Market Covered In The Report:

• Titan Company Limited
• Apple India Private Limited
• Fitbit India Private Limited
• Fossil India Private Limited
• Garmin India Private Limited
• Google India Private Limited
• GOQii Technologies Private Limited
• Huawei India Private Limited
• Samsung India Electronics Private Limited
• Xiaomi Technology India Private Limited
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Market Segment Analysis:

Based on product type, in 2019, the wristband segment would occupy the highest market share (~47.90%), followed by the newly emerging segment of ear-worn devices, with a market share of ~44.40%. Earlier, earwear devices were less popular. However, with the transition from wired earphones to wireless technology, Bluetooth-enabled earphones became prevalent, and the earwear segment became a significant contributor to the wearable devices market. Also, major smartphone companies discontinued providing earphones with phones as an accessory, which accelerated the growth of earwear devices further. However, the wristband segment, which still occupies a considerable market share, is witnessing saturation levels in its growth trajectory and significant decline in its demand with the growing popularity of applications that run on Android and iOS, like HealthifyMe and MyFitnessPal. These low-cost counterparts are perfect substitutes for expensive wearables, as they are programmed to perform similar kind of functions as wristbands. On the other hand, the smartwatch segment has lost its market by ~5.60% over the last three years due to the high price range of smartphones and considerably lower value proposition. Overall, the shipment volume of wearable devices has experienced a growth of around 25.53% from 2018 to 2019.

Competition Analysis:

By the end of 2018, the Chinese multinational company, Xiaomi Technology India Private Limited managed to be the leading player in the wearable devices market in India, followed by GOQii Technologies Private Limited, and Titan Company Limited. Other major players in the market are Fitbit India Private Limited, Fossil India Private Limited, and Samsung India Electronics Private Limited. Xiaomi Mi Band 3 (a fitness band launched by Xiaomi in September, 2018) was the highest-selling wearable device in India till March 2019. The upgraded version of the same fitness band, Xiaomi Mi Band 4, launched in September 2019, has already gained a considerable momentum so far.

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While concluding, the Wearable Devices Market in India Market report shares significant details related with dynamics of the industry such as growth driving factors, market opportunities, perceived threats, market forecast data, factors expected to hinder growth rates in future, etc. Also, it shares report conclusion, report findings and suggestions at the end.

What is the objective of the report?
-To deliver comprehensive analysis of the industry through study of important aspects such as market size, current situations, and companies impacting growth.
-To make readers aware about recent development.
-To offer historic data figures for strategists and key decision makers.

Which are the key components covered in the Wearable Devices Market in India Market report?
-Market Size Study, Market Expansion Projections
-Market Diversity Analysis
-Key Dynamics of the Industry
-Growth Hacking aspects of the market
-Geographical Spread of the industry

Why shall one buy this report?
-To attain every piece of information through the extracts, tables, figures and infographics.
-To find out recent updates, news feed regarding key companies of the Wearable Devices Market in India Market.

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By nehal